How Does a Point on the Curve Relate to the Public Key?
In ECC, the public key is mathematically represented as a point on the elliptic curve. This point is derived by multiplying the private key (a large integer) by a specific generator point on the curve.
The coordinates of this resulting point (X and Y) constitute the public key. This point is the unique, verifiable address for receiving funds.
Glossar
Generator Point
Genesis ⎊ Within the context of cryptocurrency derivatives and options trading, a Generator Point signifies the initial condition or seed value from which a stochastic process, often a Monte Carlo simulation or a similar numerical method, is initiated.
Public Key
Address ⎊ The public key mathematically derives the wallet address used to receive funds, collateral, or option contract payouts on the blockchain.
Private Key
Ownership ⎊ The private key is the definitive proof of non-custodial ownership over the associated cryptocurrency or the collateral securing a derivative position.
Point on the Curve
Calibration ⎊ A point on the curve, within cryptocurrency derivatives, represents a specific input value used to determine the theoretical price of an option or other derivative contract, reflecting market consensus on future volatility and underlying asset price movements.